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The Information: 41 mins ago
Sources: Groq has talked with investors about raising $300M to $500M at a $6B post-investment valuation, which would double its $2.8B valuation from August 2024
Bloomberg: 56 mins ago
Sources: Meta offered Ruoming Pang a $200M+ pay package over a several-year period in line with Meta's other major AI hires; Apple didn't try to match the offer
Suzanne Smalley / The Record: 1½ hours ago
A German court ruled Meta's tracking pixels embedded in third-party websites and apps violate the EU's GDPR, ordering it to pay €5,000 to a German Facebook user
Kate Clark / Bloomberg: 3 hours ago
Israeli VC firm Cyberstarts has raised a $300M fund to allow long-time employees at some of its portfolio companies to cash out their vested shares
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Top Items
Sara Fischer / Axios:
X CEO Linda Yaccarino says that “after two incredible years, I've decided to step down”; X hired Yaccarino in 2023 after she ran NBCUniversal's ad business
RELATED:
New York Times:
Sources: Linda Yaccarino had discussed her plans to leave with X employees earlier this week, before Grok's antisemitic posts
Ben Schoon / 9to5Google:
Samsung unveils the $2,000+ Galaxy Z Fold7, with bigger 8" and 6.5" screens, a 200MP main camera, and a lighter and thinner design at 217g and 8.9mm when folded
RELATED:
Allison Johnson / The Verge:
Samsung Galaxy Z Fold7 hands-on: vastly thinner and lighter than the Fold6, a wider display format, no S Pen support, and feels like a normal phone when closed
Reuters:
Sources: OpenAI plans an AI-powered web browser with some user interactions within a ChatGPT-like native chat interface instead of clicking through to websites
RELATED:
Maxwell Zeff / TechCrunch:
Perplexity launches Comet, its first AI web browser, initially available on its $200 per month Max plan and via a waitlist, in a bid to compete with Chrome
CNBC:
Nvidia hits a $4T market cap in intraday trading, the first company to do so, after passing $3T in June 2024, $2T in February 2024, and $1T in May 2023
Brody Ford / Bloomberg:
Source: Microsoft's Chief Commercial Officer said during a presentation that AI saved Microsoft $500M+ last year in its call centers and increased satisfaction
Mark Gurman / Bloomberg:
Sources: Apple is planning the first Vision Pro upgrade later in 2025, with an M4 chip and a new strap, and a lighter, redesigned version for 2027
Andrew Liszewski / The Verge:
Google rolls out a new Gmail feature for managing subscriptions that shows a list of emails delivered via active subscriptions, sorted by most frequent sender
Rashi Shrivastava / Forbes:
Sources: LangChain, which helps developers use off-the-shelf AI models to create new apps, raised $100M led by IVP at a $1.1B valuation
Rebecca Szkutak / TechCrunch:
Hugging Face begins taking orders for its $449 Reachy Mini Wireless and $299 Reachy Mini Lite open-source robots, which come in a kit for developers to build
Andreessen Horowitz:
a16z moves its state of incorporation to Nevada, saying Delaware's Court of Chancery “can at times appear biased against technology startup founders”
Kalley Huang / The Information:
In an internal Meta essay, an outgoing AI researcher says a “culture of fear”, with performance reviews and layoffs, is spreading like “a metastatic cancer”
Jennifer Pattison Tuohy / The Verge:
Ikea plans to relaunch its smart home line with 20+ new Matter-over-Thread devices, starting in January 2026, and releases a beta update for its Dirigera hub
Bloomberg:
Sources: Meta offered Ruoming Pang a $200M+ pay package over a several-year period in line with Meta's other major AI hires; Apple didn't try to match the offer
Financial Times:
Sources: Revolut is in talks to raise about $1B of funding via newly issued shares and the sale of some existing stock at a $65B valuation
Hayden Field / The Verge:
OpenAI officially closes its ~$6.5B acquisition of Jony Ive's startup, which it refers to as io Products, after a trademark suit from hearing device startup Iyo
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